Pyth Network DAO approves sending 100% of product revenue to PYTH buybacks
Pyth DAO approved a rule that sends all future product revenue into open-market PYTH purchases, replacing the earlier one-third allocation. Several reports tied the policy to revenue milestones around $11.49 million in annual recurring revenue, and one piece identified the proposal as OP-PIP-136. Separate coverage also noted that Pyth’s Q3 update showed $11.49 million in active ARR, with $5.33 million in net new ARR and 94.1% of $2.09 trillion in RWA perpetual volume coming from Pyth-powered venues.
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What it means
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Users and token holders notice a change in how Pyth’s product revenue is being handled, because the DAO approved a rule that directs all of it into open-market PYTH purchases. That affects the people following the token and the network’s product side right away, since the policy is now tied to the revenue figures already disclosed.
In practice, the earlier setup that used only one-third of eligible DAO funds for open-market purchases is replaced by a 100% rule for product revenue. The mechanism is still a buyback program, but it now runs from the full product-revenue stream rather than a partial allocation.
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Has this happened before?
Nothing comparable yet.